“Encore careers” is a term that has come to capture the dynamic of experienced professionals who step off of demanding, if highly paid, treadmills to pursue work that is more soul satisfying and contributing to the community. There’s even a popular website (tag line “second acts for the greater good”) and a book devoted to encore careers. The inherent idea is this: You’ve made your pile of cash, or perhaps invested/inherited/married your way into it. Now it’s time to get away from the grind and do something more personally fulfilling.
I’ve written about encore careers on several occasions here on this blog. For those who can afford to move in this direction, the possibilities are rich. But it is increasingly clear that the option of pursuing an encore career will be available to very few Boomers and Gen Xers, and likely to few Millennials as well. The reason basically boils down to personal finances, including the costs of living, schooling, and raising a family, as well as the challenges of saving for retirement. Too many are already earning a modest income. They don’t need a lower paid encore career to put even more pressures on their financial well being. And for those who are underemployed or unemployed, the notion of an encore career may be sheer fantasy.
This is not to say that vocational mobility and new careers are impossibilities. Far from it. Additional training, education, and certifications can open up doors for people who are returning to the workforce or trying to switch gears. It isn’t always easy, but viable options exist.
However, the encore concept of making a bundle and then switching to a “making a difference” career isn’t very realistic for many people.
So even if earning a living at a job that provides scant psychic income is in the cards for the longer haul, does this mean that personally fulfilling work and activities can never enter one’s life picture? Nope, not by a longshot. For years, I’ve been promoting immersive avocations and hobbies as potential keys to a fulfilling life. They may include artistic and creative endeavors, outdoor and sporting activities, caring for animals, political and social causes, side gig businesses, intellectual projects, lifelong learning, community and faith-based service, or enjoyable pastimes.
In unusual instances, that avocation or hobby could transform into a decent paying, full-time gig. But even if it doesn’t, it can fill a gap in one’s life left by the intersection of work and personal obligations. Such activities may be enormously fulfilling and meaningful.
The challenges of finding personally rewarding work at decent pay will continue. Against this backdrop, vocations and hobbies will loom larger as sources of individual fulfillment. If you’d like to ponder this topic further, I invite you to read these earlier articles: